Wally Adams Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLUMBUS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $495K in total assets. In 2024, it awarded 5 grants totaling $30K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$495K
-11.2% YoY
Annual Giving
$30K
+4.1% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$6K
+4.1% YoY
Under IRS private-foundation payout rules, Wally Adams Foundation reported a distributable amount of $31K for 2024 — the minimum it must pay out in qualifying distributions.
About Wally Adams Foundation
Based on IRS filings
Wally Adams Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLUMBUS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $495K in total assets. In 2024, it awarded 5 grants totaling $30K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $494,728 | $557,230 | $571,866 |
| Revenue | $17,240 | $29,089 | $-8,985 |
| Expenses | $75,010 | $36,727 | $35,957 |
| Qualifying Distributions | $30,000 | $28,821 | $28,818 |
| Net Investment Income | — | $21,183 | $4,591 |
| Distributable Amount | $30,678 | $28,092 | $30,336 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Florida Sherrifs Youth Ranches Inc ($9,000), Mote Marine Laboratory ($9,000), Hasty's Haven Inc ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| FLORIDA SHERRIFS YOUTH RANCHES INC LIVE OAK, FL | GENERAL FUND | $9,000 |
| HOPE EQUINE RESCUE INC WINTER HAVEN, FL | GENERAL FUND | $4,000 |
| MOTE MARINE LABORATORY SARASOTA, FL | GENERAL FUND | $9,000 |
| HASTY'S HAVEN INC LIBERTY, SC | GENERAL FUND | $7,500 |
| HEARTS OF THE NORTH MOORESBORO, NC | GENERAL FUND | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY PATRICIA ADAMS | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wally Adams Foundation?
Wally Adams Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COLUMBUS, NC. It holds $495K in total assets as of 2024.
How large is Wally Adams Foundation?
As of 2024, Wally Adams Foundation holds $495K in total assets with $17K in annual revenue. It awarded 5 grants totaling $30K in 2024.
Where does Wally Adams Foundation operate?
Wally Adams Foundation has awarded grants in California, Florida, North Carolina, South Carolina.
What size grants does Wally Adams Foundation award?
In 2024, Wally Adams Foundation awarded 5 grants totaling $30K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Wally Adams Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wally Adams Foundation reported a distributable amount of $31K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wally Adams Foundation's EIN?
Wally Adams Foundation's EIN (Employer Identification Number) is 20-4207093. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wally Adams Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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